Sailing Foundation
- Assets
- $306.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- 07/1971
- Data as of
- 12/2023
- EIN
- 23-7119643
Organization Overview
Sailing Foundation is located in Kirkland, WA. The organization was established in 1971. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sailing Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sailing Foundation generated $133.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $144.8k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Solvig Sayre Youth Program Director | 40 | $45,500 | |
Dick Rose President | 2 | $0 | |
Margaret Pommert Vice President | 2 | $0 | |
Erin Timms Vice President | 2 | $0 | |
John Vynne Treasurer | 2 | $0 | |
Brendan Fahey Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,818 |
| Total Program Service Revenue | $84,717 |
| Membership dues | $0 |
| Investment income | $5,531 |
| Gain or Loss | $814 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,901 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,407 |
| Professional fees and other payments to independent contractors | $7,373 |
| Occupancy, rent, utilities, and maintenance | $5,000 |
| Printing, publications, postage, and shipping | $38 |
| Other expenses | $81,060 |
| Total expenses | $144,803 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,107 |
| Other assets | $0 |
| Total assets | $306,707 |
| Total liabilities | $2,516 |
| Net assets or fund balances | $304,191 |